Meet The Team
Nicholas J. Monterosso, JD, LLM
Nick is Of Counsel in Duggan Bertsch’s Estate & Wealth Planning Practice. Nick specializes in wealth transfer planning and execution. He thrives in all the family and tax issues inherent in his work. With four years of social work experience prior to law school, he brings an expanded view of relationship management to bear upon difficult business and estate planning decisions. His clients view him as a welcome guest in the dining room and board room alike.
Nick’s daily work consists of counseling clients in tax-efficient wealth transfers, including the alphabet soup of irrevocable trust planning: IDGTs, SLATs, CLATs, etc. Nick protects his clients’ closely held business interests with shareholder agreements, buy-sell agreements, and liability-limiting structures.
Nick’s decade of experience includes roles as general counsel of a family-owned real estate development company to private practice at elite international law firms.
Nick graduated from the University of Michigan Law School (JD, 2013), the University of Florida Levin College of Law (LLM in Taxation, 2016), and Oakland University (BA in Political Science, 2006). Nick is admitted to practice law in Florida and Michigan.
Nick served as Chair of the Estates and Trusts Committee of the Taxation Section of the State Bar of Michigan. He has also served on the Strategic Planning Committee of the Board of the Children’s Center of Wayne County—Michigan’s largest nonprofit provider of mental health services to children. Nick lives in Plantation, Florida with his wife and five children. A Michigan native, Nick loves the outdoors in rain or shine, and he enjoys playing the guitar at every free moment.
Publications
2024 DUGGAN BERTSCH Year End Newsletter
Dear Clients and Colleagues, As the tax year 2024 is closely coming to an end, we suggest that all our clients and colleagues consider potential year-end planning opportunities with respect to their investments, business holdings, and their overall individual wealth status with an eye towards tax planning strategies that may be available for both their […]
Timothy Liam Epstein was referenced in the WBEZ Chicago article entitled, “Pitchfork announced more VIP tiers for its 2024 festival. The internet booed.”
Timothy Liam Epstein was referenced in the WBEZ Chicago article entitled, “Pitchfork announced more VIP tiers for its 2024 festival. The internet booed” on March 19. 2024. “A shift in attitude among younger concertgoers may be stoking the demand for VIP pricing. Tim Epstein, a sports and entertainment attorney at Chicago’s Duggan Bertsch who represents […]
Congratulations to our 2024 Super Lawyers and Rising Stars!
The Illinois Super Lawyers and Rising Stars is an honor reserved for those lawyers who exhibit excellence in practice. Only 5% of attorneys in Illinois receive this distinction. Attorneys are selected through a patented selection process involving nominations, research, and peer reviews.
Timothy Liam Epstein was featured in the Illinois College of Law Alumni Newsletter
Entrepreneurial spirit propels Epstein '04 to top of sports and entertainment field
Corporate Transparency Act – Mandatory Reporting Requirements Expected to Impact Millions of Business Entities
Background: Congress enacted the Corporate Transparency Act (the “CTA”) on January 1, 2021, to help prevent and combat money laundering, terrorist financing, organized crime, and other illicit activity. Effective January 1, 2024, the CTA will require most existing and newly formed corporate entities in the U.S. to file reports with the Treasury Department’s Financial Crimes […]
Recent U.S. Supreme Court Case Impacts Trust Taxation
The U.S. Supreme Court recently issued its opinion on North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust, which addressed “….the limits of a State’s power to tax a trust.” This is the first time in decades the Supreme Court has addressed this issue, and its decision could have significant implications for […]
State and Local Tax Reminder about State Income Tax Residency
At DUGGAN BERTSCH, LLC, we are often asked by clients to explain the process by which a taxpayer can establish a “new” state residency for income tax purposes. Sometimes we are asked to explain the impact of moving to a new state altogether or about the impact of remaining in your current state of residence while […]
STATE AND LOCAL TAXATION REMINDER:
Our firm represents both individuals as well as numerous and varied business entities. While determining state tax obligations is always a complex process, when a taxpayer has income from sources in multiple states, the complexity greatly increases. Past considerations relied upon “physical presence” as the main factor in determining tax reporting obligations – those days have quickly […]